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The slope of an indifference curve tells us: 1how much of one good is required to compensate the consumer for giving up some of another
The slope of an indifference curve tells us:
1how much of one good is required to compensate the consumer for giving up some of another good.
2the amount of utility a consumer receives from consuming a bundle of goods.
3the rate at which utility changes as more of one good is consumed.
4the marginal utility the consumer receives from consuming an additional unit of a good.
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